Remarks by ECB policymaker, Olli Rehn
He is referring to this here as the gauge rose to a seven-year high close to 1.90% yesterday. If that is the case, is he trying to say that price pressures aren't exactly transitory?
It's a bit of a mixed message considering that the broader stance is that inflation is more subdued and is some ways off reaching 2% in the medium-term considering that the recent surge is all supposed to be temporary.
